Post by
HardWaySix on Aug 14, 2022 12:11pm
In my opinion get out of this dumpster as fast as possible
and dont look back.
Dont believe the HL story either.
HL will fair no better, expensive place to mine, ship too and ship from (that's still a question) and no one will recreate a Calumet or Elsa again. Sad to say but be aware that another round of promo nonsense, of blue skies, the historic massive deposits, will create some massive BS all hinging on what was.
Same play, same story. Keno Hill hasn't made money for anyone since 89. There's also a bunch of other companies flogging the same Keno Hill history up there too, more drilling, more massive results, more everything, except profit.
Axu was all show and no go, experienced miners from the 70s and 80s knew chasing broken veins with massive equipment is crazy. But massive equipment (which is now written off as close to worthless, declining balence accounting you know) and large portals make for great show for the unwary investor. Air jacklegged drills, tracked mucking machines and cars aren't good for show.
Q2
"The Company reported an operating loss of $105,662,000 for Q2 2022 compared to $2,489,000 for Q2 2021. The operating loss for Q2 2022 was related to a write-down of mineral properties, plant and equipment and a gross loss from mining operations."
WoW If that doesn't give an investor cause to bolt and run then nothing will.
Where are the promoters now namely Bigman, J33, Phukital. 69nr and a bunch more from a year ago. All the talk of Comex, Banksterism, Hill paved with silver and other nonsense had one intent, namely distraction, from what was really going on.
What was the intent, well since 2004 it ceartainly created a very nice lifestyle for a few. Want to bet managment wont be doing any more utube promos! lol
According to all the now quiet crazed promoters, who really carried on massive slagging attacks on other members, who really smelled a stink a year ago, this was to be the best investment ever. All based on Keno Hill history. There is a reason its history, because its history, became irrelevant and unprofitable.
Looking back at comments from Roberto, Whiskers, Power, Husky and a bunch of others they had it right and that was more than a year ago.
Best thing for Keno Hill is, clean it up, close it up, shutter it and forget it. YTG should never have issued water license for the area and should have kept to cleanup costs.